When buying a home you have the price of a home, BUT also (1) HOMEOWNERS INSURANCE to protect your homes from disasters and accidents. Flood insurance is extra. (2) HOMEOWNER ASSOCIATIONS. Can be $100 a month or much more. Be sure you understand this. (3) REPAIRS, REMODELING, MAINTENANCE. Does the house need new AC + the ongoing costs of keeping the house & yard in pristine condition. (4) TAXES. May be exemptions or maybe not.